The U.S. solar industry is on the mend and a new report from the Solar Energy Industries Association (SEIA) finds that while solar power has a long way to go, the industry is getting stronger and has a lot to offer to consumers.
SEIA President Bob Carter said that despite the challenges facing solar power, solar power is “going to be here for a long time” and the solar industry will have a “significant” future in the U.T.O.s role in the electricity grid.
In addition to improving efficiency, Carter noted that a new breed of solar panels are on the horizon that are less susceptible to weathering, which reduces their lifetime and can reduce their performance.
He said that in addition to these improvements, solar panel manufacturing has been expanding and the industry will continue to attract new businesses.
The SEIA report, titled The Future of Solar Power, says that solar power in the United States is at the crossroads, and that the solar energy industry is in a “very good position to deliver on the promises of the technology and its benefits to the American economy.”
“With the emergence of cleaner energy sources and the growth of renewable energy in the past five years, the U,T.A.P.
P (US Solar Power Partnership) has been able to accelerate solar energy development in the market, particularly in states where the solar power industry is already a leader,” Carter said in a statement.
“In addition, SEIA’s Solar Energy Investment Conference, held in late February, saw a significant number of industry leaders announce plans for investments in the renewable energy sector.
We expect to see a continued momentum in the future.”
In its study, the SEIA looked at trends in the industry since the beginning of the solar boom in the early 2000s, and the report found that solar energy has made tremendous progress.
Solar power has been the leading source of new electricity generation in the country since 2010, and Carter noted how “significant progress has been made in the installation of new and expanded photovoltaic (PV) systems.”
Solar panels have grown from fewer than 200 MW in 2003 to more than 3,000 MW in 2018, and solar power generation is expected to increase by more than 6,000 megawatts in 2021, the report said.
But there is more to the solar market than that.
The solar industry faces competition from wind, and wind energy is poised to become more dominant in the coming years.
The National Renewable Energy Laboratory (NREL) predicts that solar PV will overtake wind energy as the primary energy source by 2023.
Wind energy also is expected in 2019 to replace coal as the nation’s main energy source.
Solar energy is expected not only to become the main energy supplier, but also to be the biggest driver of the energy mix in the electric grid, Carter said.
In fact, the solar PV market is expected grow to $6.3 trillion by 2033, and it will account for more than 40 percent of the U.,T.U. market, according to SEIA.
In fact, solar energy is projected to have the biggest role in providing electricity in the near future.
Carter noted the “polarization of the grid” is already taking place, and there will be more “policies” in place to help protect the grid.
The solar industry needs to become a leader in protecting the grid, and as the industry expands and new technologies and applications become available, the utility-scale solar power will continue.
But, in the long run, solar is a great source of electricity for the U and T.U., Carter said, adding that the U is one of the fastest-growing energy markets in the world and the U of T.A., as a city, is one the most energy-efficient in the nation.
Carter also noted that the growth in solar PV is likely to continue.
“As the industry grows, solar PV could become more attractive as a source of generation, particularly as solar PV systems are increasingly installed on buildings, with new solar panels installed in homes,” he said.